ICICI Bank plunges 26 per cent

MUMBAI: ICICI Bank, India's biggest private bank, fell more than 26 per cent on Friday as investors were concerned by its potential exposure to the global financial crisis dumped its shares.

Even re-assuring comments from the ICICI management on its liquidity status failed to restore investor sentiment. In an emergency press meet, Chanda Kocchar, CMD of ICICI Bank, said, "We have enough liquidity even in international operations."

The shares touched a low of Rs 333, down 26.57 per cent, their lowest in more than three years, taking 2008 losses to 72 per cent.